QANTM Intellectual Property (ASX:QIP) ROCE % : 22.16% (As of Dec. 2023)

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What is QANTM Intellectual Property ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. QANTM Intellectual Property's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.16%.

QANTM Intellectual Property ROCE % Historical Data

The historical data trend for QANTM Intellectual Property's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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QANTM Intellectual Property ROCE % Chart

QANTM Intellectual Property Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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20.49

16.16

15.22

12.25

13.92

QANTM Intellectual Property Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										11.10	12.54	12.25	15.37	22.16

QANTM Intellectual Property ROCE % Calculation

QANTM Intellectual Property's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	15.612	/	( ( (142.757 - 30.908)	+	(145.688 - 33.215) )	/ 2 )
	=	15.612	/	( (111.849	+	112.473)	/ 2 )
	=	15.612	/	112.161
	=	13.92 %

QANTM Intellectual Property's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	24.834	/	( ( (145.688 - 33.215)	+	(141.04 - 29.425) )	/ 2 )
	=	24.834	/	( ( 112.473	+	111.615 )	/ 2 )
	=	24.834	/	112.044
	=	22.16 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

QANTM Intellectual Property (ASX:QIP) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

QANTM Intellectual Property ROCE % Related Terms

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QANTM Intellectual Property (ASX:QIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » QANTM Intellectual Property Ltd (ASX:QIP) » Definitions » ROCE %

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Address

1 Nicholson Street, Level 15, Melbourne, VIC, AUS, 3002

Website

https://www.qantmip.com

QANTM Intellectual Property Ltd is the holding company of intellectual property companies. The company through intellectual property companies provides IP services to a range of Australian and international clients ranging from start-up technology businesses to Fortune 500 multinationals, public research institutions, and universities. The company has identified its operating segments based on geographical locations being Australia and Asia. A substantial portion of its overall revenue is generated from the Australia segment.

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